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W Huntington Dr, Monrovia, CA 91016 OFFERING MEMORANDUM 601 W Huntington Dr, Monrovia, CA 91016 Excellent location in Monrovia bordered by Arcadia, Pasadena, San Gabriel and San Marino Directly across from a major shopping center. Property Can be Delivered Vacant! Listed by: Marc Schwartz | Vice President Dir:213.362.8500 [email protected] License No. 01515007 601 W HUNTINGTON DR | MONROVIA The Growth Investment Group Marc Schwartz Han Widjaja Chen, CCIM Leo Shaw Vice President President Vice President Dir. 213.362.8500 Dir 626.594.4900 | Fax 626.316.7551 Dir 626.716.6968 [email protected] [email protected] [email protected] License No. 01515007 Broker License No. 01749321 Broker License No. 01879962 Spencer Rands Justin McCardle Arin Gharibian Vice President Vice President Senior Associate Dir 949.303.0290 Dir 909.486.2069 Dir 310.919.6655 [email protected] [email protected] [email protected] Broker License No. 01388490 License No. 01895720 License No. 01946372 Matthew Guerra Jeanelle Mountford Ryan Yip Broker Associate Broker Associate Broker Associate Dir 626.898.9740 Dir 626.898.9710 Dir. 626.898.7290 [email protected] [email protected] [email protected] License No. 02022646 License No. 01737872 License No. 02087685 Jackelyn Sutanto Marketing Dir. 626.594.4901 [email protected] DISCLAIMER AND CONFIDENTIALITY AGREEMENT: This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of: 601 W HUNTINGTON DR, MONROVIA, CA 91016 (“Property”). This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Owner or the Property, to be all-inclusive or to con- tain all or part of the information that prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition, and other factors beyond the control of the Owner and Growth Investment Group. Therefore, all projections, assumptions, and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. Neither the Owner nor Growth Investment Group, nor any of their respective directors, officers, affiliates, or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its con- tents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time, with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered, and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived. By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or Growth Investment Group. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or Growth Investment Group. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner. If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to Growth Investment Group. MARC SCHWARTZ [email protected] 213.362.8500 PAGE 2 TABLE OF CONTENTS Section 01. EXECUTIVE SUMMARY | 4 Summary & Highlights | 5 Property Photos | 8 Satellite Map | 9 Local Map | 10 Regional Map | 11 Section 02. FINANCIALS | 12 Financial Analysis | 13 Rent Roll | 14 Section 03. MARKET OVERVIEW | 15 City of Monrovia | 16 Demographics | 17 01. EXECUTIVE SUMMARY 01. 601 W HUNTINGTON DR | MONROVIA SUMMARY Subject Property: 601 W Huntington Dr Monrovia, CA 91016 Price: $1,275,000 Number of Units: 2 Building Size: 2,802 Sq.Ft Lot Size: 6,155 Sq. Ft Unit Mix APN#: 8506-022-023 Price Per Sq Ft: $455 1 |1,802 Sq.Ft 1 |1,000 Sq.Ft Year Built: 1927 Zoning: MOPD* CAP Rate: 2.00% GRM: 27.96 MARC SCHWARTZ [email protected] 213.362.8500 PAGE 5 601 W HUNTINGTON DR | MONROVIA INVESTMENT HIGHLIGHTS •Pride of ownership multi-tenant retail investment opportunity! •Long-time stable tenants with month-to-month lease that provides flexibility for new owner user or as an investment. •Wide frontage on Huntington drive with an excellent traffic volume of ±41,400 average •Excellent demographics with ±$95,343 Average Household Income within a-mile radius •Excellent Signalized Corner Lot Location in Monrovia bordered by other excellent cities (Arcadia, Pasadena, San Marino, and San Gabriel) •Easy access to FWY 210, FWY 10; Other major attractions within short distance are Westfield Santa Anita Mall, Santa Anita Racetrack, Los Angeles Arboretum, Huntington drive retail corridor, Temple City and San Gabriel Downtown district, Old Town Pasadena, Huntington Library and much more. •Superb frontage on Huntington Drive , surrounded by local & national retailers and other amenities the City of Monrovia has to offer •Easy to operate and minimum operating expenses with proper NNN and MG leases Property Highlights: •Single Story layout with excellent visibility •Prominent frontage on Huntington Drive which provides excellent exposure for leasing . Low vacancy history •Ample parking in back and street parking. •Nice exterior brick and recently painted. •Excellent location in Monrovia bordered by Arcadia, Pasadena, San Gabriel and San Marino •Corner Lot on a busy signalized corner •Property Can be Delivered Vacant MARC SCHWARTZ [email protected] 213.362.8500 PAGE 6 601 W HUNTINGTON DR | MONROVIA EXECUTIVE SUMMARY The Growth Investment Group is proud to present 601 Huntington Drive. This offering provides a rare opportunity for an owner user or investor to acquire property in an excellent location on a signalized corner. The Trophy property has superb street Frontage on Huntington Drive. It is a freestanding building featuring two separate units totaling 2,802 square foot That fronts the busiest Blvd in Monrovia. The property is on a signalized corner on Huntington Drive Which has a daily high traffic count. The lot is 6,155 square-feet and the Property is directly across from a major shopping center packed with national tenants that are doing a thriving contactless pick up business, Including Panera Bread, Chilli’s, Chipotle, amongst others. The Building has two separate units that could be used for retail, office or alternative medicine. The property is updated and turnkey with a nice exterior. The Property can be delivered vacant. MARC SCHWARTZ [email protected] 213.362.8500 PAGE 7 601 W HUNTINGTON DR | MONROVIA Property Photos MARC SCHWARTZ [email protected] 213.362.8500 PAGE 8 601 W HUNTINGTON DR | MONROVIA Satellite Map 601 W HUNTINGTON DR MARC SCHWARTZ [email protected] 213.362.8500 PAGE 9 601 W HUNTINGTON DR | MONROVIA Local Map LA COUNTY ARBORETUM SANTA ANITA PARK 601 W HUNTINGTON DR SANTA ANITA GOLF COURSE WESTFIELD SANTA ANITA MARC SCHWARTZ [email protected] 213.362.8500 PAGE 10 601 W HUNTINGTON DR | MONROVIA Regional Map 601 W HUNTINGTON DR GLENDALE PASADENA ARCADIA MONROVIA SAN GABRIEL WEST COVINA LOS ANGELES MARC SCHWARTZ [email protected] 213.362.8500 PAGE 11 02. FINANCIALS 601 W HUNTINGTON DR | MONROVIA FINANCIAL ANALYSIS: Investment Overview Unit Mix & Rent Schedule Price $ 1,275,000 Est. Size Tenant Name Rent/SF Total Rent Proforma Rent/SF Total Proforma Price Per SF Building $ 455 1,802 Tropical Fish $ 1.44 $ 2,600 $ 2.25 $ 4,055 Cap Rate 2.00% 1,000 SUO $ 1.00 $ 1,000 $ 2.50 $ 2,500 GRM 27.96 Proforma CAP Rate 4.78% Proforma GRM 15.73 2,802 TOTAL $ 3,600 $ 6,555 Property Information Income Current Proforma Gross Building SF ±2,802 SF Annual Gross Rent $ 3,600 per month $ 43,200 $ 78,654 Lot Size SF 6,155 CAM Reimbursement $ 200 per month $ 2,400 $ 2,400 Number of Units 2 Gross Scheduled Income $ 45,600 $ 81,054 Year Built 1927 Vacancy Factor 0.00% $ - 100% OCCUPIED Parcel(s) 8506-022-023 Effective Gross Income $ 45,600
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